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Fewer Americans sought unemployment benefits last week as job cuts stay low
Unemployment claims fell to 216,000 last week, signaling continued low layoffs even as hiring slows and more jobseekers struggle to find work.
Best Buy ups sales outlook heading into holiday shopping ramp-up
Best Buy raised its full-year forecast after strong third-quarter results, with computing, gaming and mobile driving 2.7% comparable-sales growth.
Consumer confidence slides as Americans grow wary of high costs and sluggish job gains
U.S. consumer confidence fell to 88.7 in November as inflation, weak hiring and the shutdown weighed on Americans’ views of the economy, survey shows.
US retail sales rose slightly in September, adding to months of big gains
U.S. retail sales rose 0.2% in September as high prices and weak hiring pressured consumers, though stronger spending may boost third-quarter economic growth.
Stocks rally ahead of Thanksgiving on Fed rate-cut hopes, AI surge
U.S. stocks climbed Monday as investors bet on a December Fed rate cut and AI giants boosted the market ahead of the Thanksgiving holiday.
Kohl’s promotes interim CEO and 30-year retail veteran Michael J. Bender to be its permanent chief
Kohl’s appoints Michael Bender as permanent CEO as the retailer battles years of falling sales and prepares to report third-quarter earnings.
Japan OKs $135 billion stimulus package to help revive its sluggish economy
Japan unveils a $135B stimulus package to ease rising prices, counter U.S. tariff impacts and revive growth under new Prime Minister Sanae Takaichi.
30-year mortgage rate edges up to 6.24%
U.S. mortgage rates rose to 6.24%, their second straight weekly increase, though they remain near this year’s lowest levels.
Fed may soon start buying bonds to manage market liquidity, Williams says
New York Fed President John Williams said the central bank may soon restart bond purchases to maintain control of short-term rates.
Atlanta Fed’s Raphael Bostic to retire in February
Atlanta Fed President Raphael Bostic will retire in February, opening a key Fed seat as Trump seeks more influence over the central bank.
Wendy’s to close hundreds of U.S. restaurants to cut costs
Wendy’s plans to close up to 300 U.S. restaurants to boost profits and modernize remaining stores amid falling sales.
Trump is ramping up a new effort to convince a skeptical public he can fix affordability worries
After election losses tied to affordability concerns, Trump pivots messaging to emphasize tax cuts, lower drug prices and progress on fighting inflation.
